- Check your credit report-Make sure the info is correct, fix any mistakes, make good on delinquencies & don’t apply for any new credit for at least a year!
- Pay off debt-Pay off your credit cards & other high interest debt.
- Do the math-Figure out what your expenses are & what you can afford. Depending how you finance & your credit score you may need as much as 20% down plus closing costs.
- Start saving-Don’t just save for your down payment! Figure out what your payments will be & make sure you’re comfortable with making them. Also put at least 8 months worth of payments into an emergency fund!
- Get pre-approved-The documentation for a mortgage is pretty extensive so getting a pre-approval is a big help.
- Do your homework-Find a neighborhood & home you love because you’ll be there for a while.
- Find a real estate professional you can work with & like. Ask family & friends for recommendations.
- Give Tom Healy a call at 856.906.7313
